330 E Bay Drive NE, Olympia, WA 98506

$750,000
2,720
SqFt

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Listing courtesy of Timber Real Estate.

List Price
$750,000
Status
ACTIVE
MLS#
2546191
Days on Market
45
Style
52 - Duplex
Finished SqFt
2,720
Area Total SqFt
2720
Annual Tax Ammount
7735
Lot Size (sq ft)
6,773
Sewer
Sewer Connected

Property Description

Soak up stunning panoramic views from this rare East Bay Harbor three-story tri-level duplex overlooking Puget Sound, the majestic Olympic Mountains, and vibrant Swantown Marina. This one-in-a-million waterfront opportunity in Olympia’s highly sought-after East Bay neighborhood lets you live in one beautifully updated owner’s unit while generating income from the other side—perfect for owner-occupants, investors, or multi-generational living. Step inside the generously appointed owner’s residence featuring modern finishes, an inviting gas fireplace, and stainless steel appliances in the gourmet kitchen. Generous balconies extend off the main living areas and bedrooms for seamless indoor-outdoor living and sweeping water views. Each top level boasts dramatic vaulted ceilings, wrap-around windows, and skylights flooding the spaces with natural light and breathtaking views. Both sides offer exceptional privacy with separate entrances. Each unit features two spacious bedrooms with en-suite bathrooms and generous walk-in closets. Open living areas are perfect for entertaining while enjoying marina views. Highlights include two-car garages per side with extra visitor parking, high-quality construction built in 1997, and unmatched walkability to parks, trails, shopping, dining, and freeways. This peaceful waterfront enclave is a unique gem for primary residence with rental income or turnkey investment. Schedule a private showing today and experience these views for yourself now!!

Additional Information

List Date
2026-06-11 22:43:16
Community
Bigelow
Net Operating Income
$42,181
Gross Adjusted Income
$42,181
Gross Scheduled Income
$51,000
Total Monthly Income
$4,250
Insurance Expenses
$1,357
Gross Rent Multiplier
14.7
Total Expenses
$9,092
Cap Rate
5.6
Total Number of Units
2
Unit Name
330
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1997
View
Bay
Roof
Composition
Site Features
Deck, Gas Available
Energy Source
Electric
School District
Olympia
Elementary School
Roosevelt Elementary
Middle School
Reeves Mid
High School
Olympia High
Total Monthly Income
$4,250
Gross Scheduled Income
$51,000
Gross Adjusted Income
$42,181
Tax Year
2026
Insurance Expense
$1,357
Total Expenses
$9,092
Net Operating Income
$42,181
Gross Rent Multiplier
14.7
Cap Rate
5.6
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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